Oil, weaker currency sharply lifts New Zealand inflation; central bank seen #39;patient#39;

Oil, weaker currency sharply lifts New Zealand inflation; central bank seen #39;patient#39;

Oil, weaker currency sharply lifts New Zealand inflation; central bank seen #39;patient#39; Chances for future rate cuts, which were already very slim but were left on the table by policymakers in recent comments, were seen diminishing. This gave some support to the New Zealand dollar and pushed bond yields 2-3 basis points higher.